Taiwan-based PV metallisation paste producer Giga Solar Materials has reported record sales each month since April, 2015.
Giga Solar’s sales in September reached a new record high of NT$1.58 billion, up from NT$1.48 billion in the previous month, a 7.26% increase.
Sales are up 84% year on year with the company posting sales of NT$10.87 billion in the first nine months of 2015, compared to NT$6.67 billion in the prior year period, a 62.9% increase.
Although difficult to gauge, due to lack of sales transparency of its two main rivals, DuPont and Heraeus, the significant increase in sales for Giga Solar should correspond to market share gains.
However, like many companies in the PV supply chain, Giga Solar has moved downstream and developed several PV power plants, boosting revenue.
Giga Solar’s two main markets remain China and Taiwan and according to its annual report, metallisation pastes account for around 70% of revenue.